On Wednesday, April 2, the General Assembly approved the “Procurement – Prevailing Wage – Applicability” bill, which requires all school construction projects that cost over $500,000 and receive funding of 25 percent or more from the State to pay workers the “prevailing wage.” As the…
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On March 25, 2014, in the case of United States v. Quality Stores, Inc., the U.S. Supreme Court determined that severance payments are considered “wages” under the Federal Insurance Contributions Act (FICA) and therefore, employers are required to withhold FICA tax from such payments. It…
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According to a recent press release by the U.S. Census Bureau of the Department of Commerce, total construction spending for February 2014 was estimated at a seasonally adjusted annual rate of $945.7 billion. This rate is an increase of 0.1 percent from the revised January…
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At some point you may have been asked to sign a contract that has a signature block similar to the one below: XYZ Subcontractor, LLC: ________________________(Seal) John Doe, President ________________________ Print Name and Title ________________________ Date It’s such a small detail that most…
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The U.S. Census Bureau and the Department of Housing and Urban Development have recently announced new residential construction statistics for February 2014. According to the data, building permits for privately-owned housing units in February were at a seasonally adjusted annual rate of 1,018,000, up 7.7…
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According to the U.S. Census Bureau of the Department of Commerce, total construction spending for January 2014 was estimated at a seasonally adjusted annual rate of $943.1 billion. This rate is a slight increase of 0.1 percent from the revised December estimate of $941.9 billion. …
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In the middle of January, 2014, the Maryland House of Delegates and the State Senate cross-filed bills that would nullify certain provisions in condominium declarations, bylaws and contracts of sale that would otherwise limit condominium council’s or unit owners’ defect claims. If passed, the bills…
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The U.S. Census Bureau and the Department of Housing and Urban Development have recently announced new residential construction statistics for January 2014. According to the data, building permits for privately-owned housing units in January were at a seasonally adjusted annual rate of 937,000, down 5.4…
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During the State of the Union address on January 28, 2014, President Obama discussed his plans to raise the minimum wage rate for workers employed through federal contracts. The President stated he will implement the plan “in the coming weeks” through issuing an executive order,…
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According to the U.S. Census Bureau of the Department of Commerce, total construction spending for December 2013 was estimated at a seasonally adjusted annual rate of $930.5 billion. This rate is up 0.1 percent from the revised November estimate of $929.9 billion. When compared to…
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